MGM Resorts International (NYSE: MGM)
Resorts & Casinos · Las Vegas, NV, United States · Founded 1986
- Market capitalization: $12.0 billion
- Annual revenue: $9.81 billion
- Net income: $0.21 billion
- Employees: 75,000
- Sector: Consumer Cyclical
- Headquarters: Las Vegas, United States
- Founded: 1986
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MGM Resorts International is one of the world's largest casino and entertainment companies, operating iconic Las Vegas Strip properties including Bellagio, MGM Grand, Aria, and Mandalay Bay. The company also operates regional casinos across the US and holds a majority stake in MGM China, which operates MGM Macau and MGM Cotai. MGM's BetMGM online sports betting joint venture with Entain extends its brand into digital gaming.
MGM earns revenue from casino gaming, hotel operations, food and beverage, entertainment, and conventions. The company sold much of its real estate to VICI Properties and now leases it back, creating an asset-light model focused on operations rather than property ownership.
Kirk Kerkorian founded MGM Resorts (originally MGM Grand Inc.) in 1986. The company grew through acquisitions including Mirage Resorts in 2000 and Mandalay Resort Group in 2005. MGM's sale-leaseback transactions with VICI Properties and Blackstone unlocked billions in real estate value while retaining operational control of the properties.
| Market Capitalization | $12.0B |
| Annual Revenue | $9.81B |
| Net Income | $0.21B |
| Profit Margin | 2% |
| Revenue per Employee | $130800K |
| Stock Exchange | NYSE |
| Ticker Symbol | MGM |
Financial data is approximate and based on most recent annual filings.
MGM's Las Vegas Strip properties collectively contain more hotel rooms than many entire cities. The company's Bellagio fountains are one of the most photographed landmarks in the world, performing over 1,000 shows per week.
MGM has transformed from a leveraged real estate company into an asset-light operator, and the BetMGM digital platform provides exposure to online gaming growth. The Japan integrated resort project in Osaka represents a massive long-term opportunity if it materializes as planned.
What is MGM Resorts International's revenue?
MGM Resorts International generates approximately $9.81 billion in annual revenue.
How many employees does MGM Resorts International have?
MGM Resorts International employs approximately 75,000 people worldwide.
What is MGM Resorts International's market cap?
MGM Resorts International (MGM) has a market capitalization of approximately $12.0 billion on the NYSE.
When was MGM Resorts International founded?
MGM Resorts International was founded in 1986 and is headquartered in Las Vegas, NV, United States.
Who is the CEO of MGM Resorts International?
Bill Hornbuckle is the current CEO of MGM Resorts International.
What is MGM Resorts International's website?
MGM Resorts International's official website is mgmresorts.com.
| CEO | Bill Hornbuckle |
| Sector | Consumer Cyclical |
| Industry | Resorts & Casinos |
| Founded | 1986 |
| HQ | Las Vegas, NV |
| Country | United States |
| Website | mgmresorts.com |
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